Mon, 16 Nov 2009
JLR releases £170 million by financing cars in transit
Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.
Tue, 26 Oct 2010
It’s facelift time for the Citroen C5. The Gallic family car gets a cosmetic fillip, new safety toys and a range of engine revisions to keep it fresh in the face of new competition from the new VW Passat and pepped-up Ford Mondeo. The 153bhp turbocharged 1.6-litre petrol nets lower CO2 emissions, down 14g/km to 153, and economy is also improved, up to 42.2mpg from 39.8.
Tue, 14 Sep 2010
The Abarth 500c EsseEsse arrives at Paris
Abarth do a very good job of warming up the odd Fiat or two (well, they have been doing it for quite a long time), the most recent offerings being the Abarth 500C and the Abarth Punto Evo which we saw when we trollied off to Goodwood in July. But there is a second flavour of Abarth. Best to think of it as the ‘Chilli’ Abarth; Abarth call it EsseEsse.